Why It Keeps Getting More Expensive to Carry a Credit-Card Balance
The average credit-card interest rate was 21.5% in May, hovering around its highest level in Federal Reserve data going back to 1994. Wall Street Journal reporter Angel Au-Yeung joins host J.R. Whalen to also discuss why the rates remain so high and the status of a proposed $8 cap on credit-card late fees.\n\n\n\nSign up for the WSJ's free Markets A.M. newsletter.\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices